The National Milk Producers Federation and Dairy Management Inc. have brought you the April Dairy Market Report.

The average all-milk price was $16.80 per hundredweight in February, 80 cents below the January price. Federal order class prices for March indicate that the steep slide in milk prices during the last quarter of 2014 and early 2015 may have come to an end. USDA has announced that the two-month average margin under the Margin Protection Program for Dairy during January and February was $7.99554 per hundredweight. Payments therefore should be made at the rate of $0.0046 to producers who signed up for margin coverage at the maximum level of eight dollars per hundredweight. U.S. dairy exports will likely remain below year-ago levels until the second half of 2015. Moderating increases in U.S. milk production, coupled with domestic consumption growth, are counterbalancing declining exports and keeping domestic markets relatively balanced for cheese and milkfat in all products.

Here is the complete report.